News: 2024.04.17
According to Reuters, HSBC will cut another 20 investment banking positions in Asia due to sluggish trading activity, which will bring the total number of layoffs this week to 30. This initiative is designed to address the challenges of the current market environment and ensure the bank's long-term sound development.
Sources revealed that HSBC will focus on the Asian market, which means they will adjust the structure of their investment banking business to better adapt to current market needs. The reduction of 20 investment banking positions is to improve efficiency and reduce costs, as well as to better serve customers.
HSBC has always been an important financial institution in Asia, and their strategic adjustments are aimed at improving competitiveness and adapting to market changes. Cutting 20 investment banking jobs is part of the effort, which will make the bank more nimble and agile.
Market reaction to HSBC's layoffs has been mixed. Some believe this is a necessary adjustment to help banks cope with current challenges, while others are concerned it could impact banks' businesses and reputations.
No matter how the market views this layoff move, HSBC will continue to strive to provide high-quality financial services and actively respond to market changes. They believe these adjustments will help the bank achieve long-term sustainable development.